EnerVest is the largest operator in Ohio with ~25% of the state's production (8,713 wells, 47 MMcfed net, 764,219 net acres including 314,733 in JV with Chesapeake). This acreage position is held by conventional production and is vital to EnerVest's Utica success. The slide above shows Cross Sections in Eastern Ohio and delineate the Ordovician age Point Pleasant member below the Devonian.
Full Presentation
docFinder allows to find major players in major plays... |
MHR has a market cap of $800 MM and an EV of $1.17 Billion with a goal to become an efficient "drilling factory" within the Eagle Ford, Marcellus/Utica, and Bakken/Three Forks. In the Utica, MHR has 48,965 net prospective acres and is working on significant expansion opportunities. The slide above shows MHR's positions in Monroe, Noble, Washington counties,OH and Tyler, Pleasants counties, WV.
Full Presentation
docFinder allows you to find land plats for E&P companies... |
Excluding the Utica, PDC Energy 5-20 years of projects under its belt. Also, PDC acquired 40,000 net acres at an average of $1,750/acre targeting the wet gas and oil windows of the Utica in Noble, Monroe, Belmont, Morgan and Guernsey counties, Ohio and has TD'd its first vertical well. PDC is seeking an industry JV partner as it plans to ramp its position up to 80,000 to 100,000 net acres.
Full Presentation
docFinder allows you to track portfolios and growth projects.. |
In September 2011, Carrizo formed a JV with PE provider Avista Capital Partners in the Utica Shale, capitalized with $130 - $200 million and an initial 16,000 acres in Mercer County, PA and Trumbull County, OH. The goal is to acquire early stage acreage in the condensate zone. The JV initial ownership is 90% Avista / 10% Carrizo. Carrizo has an 18 month option to raise ownership to 50% of total acreage bought.
Full Presentation
docFinder allows you find Joint Venture details... |
